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Be careful....
They might start calling you all sorts of names and claim that you are lying as well....
The statement I posted is coming directly from the most recent KBLB financial document uploaded to the SEC website.
It states that KBLB "will need to seek additional funds, primarily through the issuance of debt or equity securities for cash to operate our business."
*****MORE DILUTION COMING "SOON” (UPDATED)*****
This is from KBLB’s most recent SEC 10-Q filing (filed on 14 Aug 2024):
***** HISTORY OF KBLB (FALSELY) CLAIMING "PRODUCTION" (UPDATED) *****
KBLB has been (falsely) claiming that they have been in production for over 10 years. In reality, they haven't produced more than a dozen kilos of spider-ish silk (at most).
The following are actual titles of KBLB PRs over the past decade that all state that commercial production was "just around the corner" (yet we are all still waiting):
Jan 22, 2013 - Kraig Biocraft Laboratories to Launch Monster Silk Pilot Production Program
Jul 15, 2013 - Kraig to Launch Commercial Production of Monster Silk
Oct 7, 2013 - Kraig Launches Commercial Production of Monster Silk
Mar 20, 2014 - Kraig Biocraft Laboratories’ Spider Silk is on Track for Large Scale Production
May 29, 2014 - Kraig Biocraft Laboratories’ Spider Silk Production Poised to Double
Jul 9, 2014 - Kraig Biocraft Laboratories’ Succeeds In Doubling Its Production Of Monster Silk
May 16, 2016 - Kraig Biocraft Laboratories, Inc. To Establish Additional Production Operations For Spider Silk
Oct 11, 2016 - Kraig Biocraft Laboratories’ New Spider Silk Production Facility Reaches Peak Capacity Ahead Of Schedule
Dec 19, 2016 - Kraig Biocraft Laboratories Completes First Phase Of Dragon Silk Fiber Production For Its Military Contract
Apr 17, 2017 - Kraig Biocraft Laboratories Expands Domestic Spider Silk Production Capacity
Apr 11, 2018 - Kraig Biocraft Laboratories’ New R&D Facility Extends Its Competitive Advantages and Prepares for Large Scale Production
Jul 3, 2018 - Kraig Biocraft Laboratories Management Travels to Vietnam to Oversee the Opening of Its Spider Silk Production Subsidiary, Prodigy Textiles
Jul 24, 2018 - Kraig Biocraft Laboratories Accelerates Its Spider Silk Production Ramp up
May 7, 2019 - Kraig Biocraft Laboratories Expands Production Footprint in Vietnam
May 30, 2019 - Spider Silk Production Breakthrough from Kraig Biocraft Laboratories
Oct 8, 2019 - Kraig Biocraft Laboratories Launches Spider Silk Production Scale up with New Delivery of Silkworms to Prodigy Textiles
Dec 17, 2019 - Kraig Biocraft Laboratories Readies for First Commercial Shipment of Recombinant Spider Silk and Accelerated Growth in Production
May 12, 2020 - Kraig Biocraft Laboratories Prepares for 2020 Production
Oct 28, 2020 - Kraig Biocraft Laboratories Delivers Recombinant Spider Silk Silkworm Eggs To Production Facility In Vietnam
Mar 10, 2021 - Kraig Biocraft Laboratories Increases Planned Production By Doubling Near Term Spider Silk Production Schedule
Jun 01, 2021 - Kraig Biocraft Laboratories Strengthens Production Operations With New Automated Equipment
Jul 27, 2021 - Kraig Biocraft Laboratories Provides Spider Silk Production Update
Aug 17, 2021 - Kraig Biocraft Laboratories Completes Transition Of Production Operations To Custom Designed Silk Rearing Facility
Dec. 02, 2021 - Kraig Biocraft Laboratories Begins Production Of Fourth Generation Recombinant Spider Silk Silkworms In New Production Headquarters
Dec. 09, 2021 - Kraig Biocraft Laboratories Expands Production Footprint, Building Self Reliant Supply Chain
Apr 27, 2022 - Kraig Biocraft Laboratories Kicks Off Q2 Recombinant Spider Silk Production As Lab Increases Testing Throughput Nearly Ten Fold
May 3, 2022 - Kraig Biocraft Laboratories Strengthens Q2 Spider Silk Production Expansion With New Vendor Quality Assurance Program
Jun 21, 2022 - Kraig Biocraft Laboratories Subcontractor Pilot Production Has Achieved Required Spider Silk Production Levels For The Spydasilk Apparel Launch
Jul 6, 2022 - Kraig Biocraft Laboratories Introduces New, Enhanced Line Of Dragon Silk Silkworms For Commercial Production
Jan 26, 2023 - Kraig Biocraft Laboratories Delivers The First Two Hybrid Dragon Silk Silkworm Strains For Commercial Production
DON'T BUY THE HYPE, OR THE SNAKE OIL
*****UPDATED: KBLB - FAILURE AFTER FAILURE (OR SCAM AFTER SCAM????)*****
NEW: 2024: Kings / MtheMovement Committed to Purchase Min $12 Million in Spidersilk - FAILED
NEW: 2024: GSS - FAILED
2023: Air Force Contract is a Slam Dunk - FAILED
2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
It sounds like the Kool-Aid high is starting to wear off a little....
LOL
As usual, a 100-share paint job in the last minute of trading to pump the share price higher.
427K SHARES SOLD
375K shares bought
<< Would not have been appropriate to put out a self serving PR while citizens of Vietnam are suffering and recovering from devastation. I’m glad they’ve paused the PR machine. >>
What a bunch of BS. People are always suffering in every country around the world.
<< What have you contributed? >>
Right back at you....
<< Kraig Labs has made a contribution to ongoing humanitarian relief efforts. >>
The cheap bastard probably gave them a bag of rice and bottle of fish sauce.
LOL
<< Which ones? >>
All of the imaginary companies that can be seen when you drink the Kool-Aid....
<< If KBLB isn't making money from sales, then issuing stock or obtaining funds under unfavorable terms is what's left as options. The bills, salaries, n bonuses have to be paid with *something*. >>
Agreed.
It looks like the Douchebag CEO has run out of BS to PR.
Did the super typhoon set them back another year????
That can't be good for shareholders.....
<< Looking forward to waking up tomorrow morning. Never know when the big PR is going to rock our world >>
Oops. No PR today.
The Douchebag CEO is probably too busy getting ready to drop the hammer on massive dilution....
<< It will stop when a BO is announced. >>
Well, then it won't ever stop....
Remember this post from almost 4 years ago (Jan 2021), where you claimed all sorts of BS???
<< Victory is coming. This year >>
And what happens if 1 Jan comes around and nothing???
Serious question....
Another year of waiting???
Another 5???
Another 10???
15+ years of waiting....
At what point is it time to say that the gig is up???
There were more posts (28+) than trades (24) today.
Pathetic....
< $800 traded in the first hour....
This POS penny stock is a huge joke.
<< from a regulatory standpoint, KBLB might not "be allowed" to release those specific numbers yet >>
BS
<< from a competitive standpoint >>
The pumpers keep saying that KBLB has no competition, yet KBLB is somehow worried about the competition?
LOL
<< If Kim does have this in inventory >>
The financials include inventory numbers and those have not increased at all since the end of last year.
<< Moving into Lam Dong was huge in the long run. >>
Except KBLB announced that they are not using the facility at Lam Dong anymore and are trying to terminate the lease.
First, which one is closer to 8 cents????
1 cent?
$1 dollar?
I'm pretty sure that my prediction is closer by at least one order of magnitude....
Second, I never predicted 1 cent....
KBLB and the pumpers want you to believe that this has been a great year.
Well, here is just some of the truth.....
There is still NO commercial production.
The latest financial shows $0 revenue.
The latest financial shows no increase in inventory.
Kings / MtheMovement / Spydasilk Enterprises have been scrubbed from the financials.
The MtheMovement website has been suspended.
KBLB is no longer using the long-awaited Lam Dong facility, and trying to terminate the lease (this facility was supposed to be HQ for new subsidiary, Prodigy Silk).
Interest owed to the Douchebag CEO increased from $2.5 MILLION to $2.9 MILLION year over year.
PRs are continuously filled with BS forward-looking statements that almost never come to completion.
Over 6 million shares for warrants were fully diluted.
Wash, rinse, repeat....
September 11, 2024
Dear Zion Shareholders and Supporters,
We want to give you an update on the current status of our MJ-01 re-completion project. Our operations have recently faced significant delays due to an unforeseen combination of downhole challenges, logistical constraints, and geopolitical factors.
Not surprisingly, after six years of inactivity in a well over three miles deep, the MJ-01 wellbore presents a challenging environment. One major delay that has arisen is our drill pipe separated and a section of it (the "fish") dropped near the bottom of the hole. This is not an uncommon occurrence with oil and gas drilling operations, but we do need to recover the fish to resume operations. The specialized tools we need are not in Israel, but we believe we have located all of them, which then will need to be shipped to Israel, clear Israeli customs, and be transported to our rig site.
Another delay arose out of the logistical challenges we face. The ongoing conflict in the region has impacted shipping routes, the timely arrival of necessary equipment, and created travel difficulties for our rig crews. Our operations require specialized rig crews who are not available in Israel.
Our rig crews, largely from Hungary and Romania, have worked on our I-35 rig since its manufacture and are very knowledgeable and efficient with its operation. Nevertheless, it is physically demanding and dangerous work, which normally requires shifts of crews alternating from the rig site to home and back to avoid physical and mental fatigue, which can lead to accidents and injuries. Due to our logistical issues, some of our crew members have already been on-site for 80 consecutive days, which poses a heightened safety risk. We, however, have been blessed with no accidents or injuries to date!
An even further delay has been created by many of our rig crew members reaching the limit of their work visas. This requires us to reset visas, which is not a simple process, and it adds another layer of delay and complexity.
We are also mindful of the significance of several upcoming dates in October. The one-year anniversary of the October 7th attacks marks a particularly sensitive period, especially given the ongoing war being fought on several fronts, and the emotional weight this date carries for Israel, alongside the High Holy Days of Rosh HaShanah (Feast of Trumpets), Yom Kippur, (Day of Atonement), Sukkot (Feast of Tabernacles), and Simchat Torah (Celebration of the yearly restart of the reading of the Torah – the first five books of the Bible).
In light of the combination of downhole, logistical, and crew challenges, as well as holidays, and the one-year remembrance of October 7, we have temporarily paused active operations. This is a necessary step to ensure the safety of our personnel and the integrity of the wellbore. We anticipate that once we have the necessary tools and renewed visas for our crews, we can resume operations in Q4 2024. This is, of course, all subject to the realities of the present geopolitical environment. The conflict in Israel, while not directly impacting our operations on a daily basis, creates uncertainties that could affect our schedule at any time.
We remain optimistic that we can resolve our current issues, and we remain committed to moving our project forward as quickly and safely as possible. We will continue to provide updates as new, significant developments arise.
Thank you for your prayers and continued support during this phase of the project.
Robert Dunn
CEO
Monty Kness
COO & Exec VP
<< What happened to Mthemovement? >>
They have been scrubbed from the most recent quarterly filings.
Their website has been suspended.
mthemovement.com/
Anyone can make any claim they want after the fact....
All one has to do is look at the trades ticker....
The probability is that you sold a bunch of shares today....
<< I just bought sone. >>
Sure you did. LOL.
It looks like the pumpers are dumping....
😁
*****UPDATED: KBLB - FAILURE AFTER FAILURE (OR SCAM AFTER SCAM????)*****
NEW: 2024: Kings / MtheMovement Committed to Purchase Min $12 Million in Spidersilk - FAILED
NEW: 2024: GSS - FAILED
2023: Air Force Contract is a Slam Dunk - FAILED
2023: Kings / MtheMovement to Purchase Up To $12 Million in Spidersilk - FAILED
2023: Commercial production - FAILED
2022: Commercial production - FAILED
2022: Kings / MtheMovement to Purchase Up To $5 Million in Spidersilk - FAILED
2022: Website & apparel launch - FAILED
2021: Kings / MtheMovement to Purchase Up To $3 Million in Spidersilk - FAILED
2021: "The Company ... has now produced enough silk to create a number of different fabric blends." - FAILED
2021: "Spydasilk should hit the ground running" - FAILED
2021: $250K prepayment from Kings / MtheMovement- FAILED
2019-2020: Uplist to NASDAQ - FAILED
2019: Commercial production - FAILED
2019: Appoint Independent Board of Directors - FAILED
2019: Polartec MOU - FAILED
2018: "Our recombinant spider silk silkworm technology is a direct drop-in replacement for traditional silkworms and allows us to move quickly, with minimal investment, to bring new products to market" - FAILED
2018: ““We are busy preparing silkworm eggs for shipment and putting the team in place at Prodigy to hit the ground running.” - FAILED
2016-2018: Army Contract - FAILED
2016: “the Company is on schedule to produce all of the recombinant spider silk necessary to fulfill its contract with the US Government on time” - FAILED
2017: Mulberry facility in Texas - FAILED
2014-2015: "R&D .... is no longer necessary" - FAILED
2014-2015: “Scale and sale” - FAILED
2013-2015: Commercialization of Big Red - FAILED
2013-2014: Warwick Mills Partnership - FAILED
2013: SSM Industries Partnership - FAILED
And those are just a few of the MANY, MANY FAILURES that KBLB has had over the years….
<< Yes before we were told GSS I believe was their name would be able to handle 8 tons the first year and up to 40 tons later. >>
WRONG AGAIN!
KBLB made that BS statement in Oct 2019.
<< You are misquoting. The first production cycle in the NEW facility will be kicking off this month. >>
WRONG AGAIN!
No misquotes at all.
It doesn't matter if it is a new facility. That's just an (intentional) excuse. The facts are that there won't be a metric ton by the end of the year.
How many times has KBLB moved locations? I've lost count. And every time they move, the timeline starts over and over and over again.
Wash, rinse, repeat....
It looks like there won't be a metric ton of product by the end of the year.
What a surprise.... NOT....